This discussion paper builds on the feedback received from stakeholders earlier in the year (2006). 91¾«Æ· has undertaken both quantitative and qualitative analysis of options for development of a wholesale market and this discussion paper recommends a modular approach to implementation. In the first instance, it is proposed to issue a standard gas trading agreement as a means to achieving common standards for gas trading and to reduce transaction costs for market participants. The paper also recommends that a simple matching platform could be put in place for modest cost and would be expected to achieve additional transactional efficiencies. 91¾«Æ· will take into account feedback received on the paper when undertaking the detailed design of wholesale market arrangements.